Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) is Glenorchy Capital Ltd's 8th Largest Position

Glenorchy Capital Ltd increased its holdings in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA - Free Report) by 100.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 462,366 shares of the company's stock after purchasing an additional 232,055 shares during the quarter. Loma Negra Compañía Industrial Argentina Sociedad Anónima accounts for 3.2% of Glenorchy Capital Ltd's portfolio, making the stock its 8th biggest holding. Glenorchy Capital Ltd owned about 0.40% of Loma Negra Compañía Industrial Argentina Sociedad Anónima worth $5,521,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. INCA Investments LLC bought a new position in Loma Negra Compañía Industrial Argentina Sociedad Anónima in the fourth quarter valued at about $8,986,000. GAMMA Investing LLC lifted its holdings in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 126.5% in the fourth quarter. GAMMA Investing LLC now owns 4,455 shares of the company's stock valued at $53,000 after acquiring an additional 2,488 shares during the period. Activest Wealth Management lifted its holdings in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 8,478.9% in the fourth quarter. Activest Wealth Management now owns 167,975 shares of the company's stock valued at $2,006,000 after acquiring an additional 166,017 shares during the period. SG Americas Securities LLC bought a new position in Loma Negra Compañía Industrial Argentina Sociedad Anónima in the fourth quarter valued at about $109,000. Finally, Raymond James Financial Inc. purchased a new stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima in the fourth quarter worth about $270,000. 19.32% of the stock is owned by institutional investors.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Stock Performance

LOMA traded down $0.30 during midday trading on Thursday, reaching $11.89. The company had a trading volume of 8,913 shares, compared to its average volume of 494,849. The company has a quick ratio of 0.43, a current ratio of 1.29 and a debt-to-equity ratio of 0.19. The business has a 50-day moving average of $10.85 and a two-hundred day moving average of $11.24. The company has a market cap of $1.39 billion, a P/E ratio of 20.26 and a beta of 1.14. Loma Negra Compañía Industrial Argentina Sociedad Anónima has a 1 year low of $5.70 and a 1 year high of $13.79.

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.17 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.05. Loma Negra Compañía Industrial Argentina Sociedad Anónima had a return on equity of 8.60% and a net margin of 9.42%. The business had revenue of $135.42 billion during the quarter, compared to analysts' expectations of $151 billion. As a group, equities research analysts predict that Loma Negra Compañía Industrial Argentina Sociedad Anónima will post 1.25 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on the company. Bank of America upgraded Loma Negra Compañía Industrial Argentina Sociedad Anónima from a "neutral" rating to a "buy" rating and upped their price target for the stock from $11.50 to $14.00 in a research report on Wednesday, April 23rd. Itau BBA Securities upgraded Loma Negra Compañía Industrial Argentina Sociedad Anónima from a "market perform" rating to an "outperform" rating and set a $14.20 price target for the company in a research report on Monday.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Profile

Loma Negra Compañía Industrial Argentina Sociedad Anónima, together with its subsidiaries, manufactures and sells cement and its derivatives in Argentina. The company operates through Cement, Masonry Cement and Lime; Concrete; Railroad; Aggregates; and Others segments. It offers masonry cement, aggregates, ready-mix concrete, concrete, and lime to wholesale distributors, concrete producers, industrial customers, and others for use in the construction.